Capital expenditures of the Group1
RUB bln
1 CAPEX of the Group in 2020 was RUB 91.6 billion, taking into account money receipts under swap contracts related to changes in foreign exchange rates against the ruble; excluding this factor, CAPEX of the Group in 2020 was RUB 96.9 billion.
| 2021 | 2022 | |
|---|---|---|
| Russia2 | 109.0 | 109.6 |
| Armenia | 1.7 | 1.6 |
| Group2 | 111.0 | 111.2 |
2 Excluding money receipts under sharing agreements.
Free Cash Flow without Bank3
RUB bln
3 FCF without Bank and cash receipts from the sale of Foreign subsidiary. Amounts may differ as a result of rounding.
- In 2022, The Group’s FCF, excluding the Bank, decreased by RUB 16.7 billion year-on-year due to higher investments in personnel, increased interest costs and more intensive M&A activity compared to last year.